Problem
Today, most of us have 401-k or 403-b plans. Essentially, we will have a pot of money at retirement that is needed to take care of us in our golden years.
Using the facts below, tell us what your computations are:
Age: 70 Male. $550,000 to invest. Married: Spouse is 62 Female. Receive monies immediately.
Age: 66 Female. $600,000 to invest. Partner: 64 Male. Receive monies immediately.
Age: 70 Male. $2,000,000 to invest. Partner: 62 Female. Receive monies immediately.
After showing your computations, discuss the factors that affect long-term investments, such as annuities.